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Turning Point Brands

TPB

Turning Point Brands is a leading manufacturer, marketer, and distributor of branded consumer products, primarily focused on the alternative smoking accessories and other tobacco products (OTP) industries.

Market cap
$1.52B+3.1%
Revenue$480.9M+30.0%
Net income$64.0M+49.5%
Free cash flow$1.9M-96.5%
EPS (diluted)$2.75+21.2%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$129.6M
EPS estimate$0.24

Financials

Q1 2026

Income statement

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Revenue$124.3M+16.8%
Gross profit$68.3M+14.6%
Operating income$12.5M-46.2%
Net income$11.7M-19.0%
EPS (diluted)$0.60-24.1%

Balance sheet

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Cash & equivalents$192.4M+93.1%
Total debt$293.9M+0.3%
Total assets$772.1M+36.8%

Cash flow

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Operating cash flow-$22.3M-228%
CapEx$5.1M+135%
Free cash flow-$27.4M-280%

Valuation & ratios

Valuation

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Market cap$1.52B+3.1%
Enterprise value$1.62B+3.0%
P/E23.8×-6.0×
P/S3.2×-0.5×

Profitability

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Net margin13.3%+1.7pp
FCF margin0.4%-14.6pp

Returns & leverage

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Current ratio5.9×+1.4×

Segments

By segment

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Stokers Products$87.6M+48.1%
Zig Zag Products$36.7M-22.4%

By geography

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US$116.2M+15.6%

Competitors

Profile

Turning Point Brands is a leading manufacturer, marketer, and distributor of branded consumer products, primarily focused on the alternative smoking accessories and other tobacco products (OTP) industries. The company leverages iconic brands and an asset-light business model to serve adult consumers through an extensive North American distribution network. Its core value proposition lies in its strong brand equity, regulatory expertise, and ability to capitalize on secular growth trends in cannabinoid and nicotine consumption.

Competitive position

Market leader in premium rolling papers and loose-leaf chewing tobacco with a significant and growing presence in moist snuff and modern oral nicotine.

GeographiesUnited States, Canada
Customer segmentsAdult consumers, Retail chains, Independent distributors
Business modelAsset-light manufacturing, Brand licensing, Wholesale distribution, Direct-to-consumer e-commerce
SuppliersThird-party tobacco leaf suppliers, Outsourced paper manufacturers, Flavoring suppliers, Logistics and common carriers
CustomersDirect wholesale distributors, Secondary indirect wholesalers, Traditional retail outlets, Non-traditional alternative channels
Listed2016
Employees373.0
CEOGraham A. Purdy
IndustryTobacco
FilingsSEC EDGAR

Questions, answered.

What is Turning Point Brands's market cap?
Turning Point Brands (TPB) has a market capitalization of $1.5B and trades on NYSE.
What is Turning Point Brands's revenue and profitability?
Turning Point Brands generated $480.9M in trailing twelve-month revenue with net income of $64.0M, representing a net margin of 13.3%. Gross margin stands at 51.4%, with free cash flow of $1.9M. These figures are based on the Q1 2026 filing.
Who are Turning Point Brands's competitors?
Turning Point Brands's key competitors include Altria Group, Inc., Universal Corporation, 22nd Century Group Inc., and others. These companies compete in similar markets and product categories.
Who does Turning Point Brands partner with?
Turning Point Brands's notable partners include Republic Technology International SAS, Swedish Match, Last Country Ventures, LLC, and others.
What subsidiaries does Turning Point Brands have?
Turning Point Brands's subsidiaries include 10233625 Canada Corp. (Turning Point Brands Canada), ALP Supply Co., LLC.
Where is Turning Point Brands headquartered?
Turning Point Brands is headquartered in United States of America and employs approximately 373 people. It has been publicly traded since 2016.